Connaught Place / Lutyens Delhi is a trophy-tier Delhi-NCR submarket with average asking rent around ₹220/sqft/mo · ≈ $31.7 PSF/yr USD.

  • Average asking rent: ₹220/sqft/mo · ≈ $31.7 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₹130/sqft/mo · ≈ $18.7 PSF/yr USD ($19 USD).
  • Citywide vacancy: 12.6% — submarket-level availability is typically tighter at trophy tier.

Connaught Place / Lutyens Delhi, Delhi-NCR office rents and availability

Connaught Place / Lutyens Delhi is a trophy-tier Delhi-NCR submarket with average asking rent around ₹220/sqft/mo · ≈ $31.7 PSF/yr USD.

TL;DR

  • Average asking rent: ₹220/sqft/mo · ≈ $31.7 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₹130/sqft/mo · ≈ $18.7 PSF/yr USD ($19 USD).
  • Citywide vacancy: 12.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Connaught Place / Lutyens Delhi averages around ₹220/sqft/mo · ≈ $31.7 PSF/yr USD for Class A, against a citywide Class A index of 130. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Government and boutique HQ core. Government, embassies, banking, consulting, family offices.

Key facts

cityDelhi-NCR
submarketConnaught Place / Lutyens Delhi
tiertrophy
averageRentLocal₹220/sqft/mo · ≈ $31.7 PSF/yr USD
cityClassARentUsd$19/sqft/yr
cityVacancyPct12.6%

Frequently asked questions

What is the average Class A rent in Connaught Place / Lutyens Delhi, Delhi-NCR?
Around ₹220/sqft/mo · ≈ $31.7 PSF/yr USD. The citywide Class A index sits at ₹130/sqft/mo · ≈ $18.7 PSF/yr USD.

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Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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